Fairfield Liquidator Eyes $89M In Pair Of Clawback Suits

Law360, New York (July 23, 2012, 5:31 PM EDT) -- The foreign liquidator for Bernard L. Madoff feeder fund Fairfield Sentry Ltd. launched two more clawback suits Friday in New York federal court, seeking a total of $89 million held in bank accounts tied to BNP Paribas Security Services Luxembourg and Kookmin Bank.

Kenneth Krys, who is winding down Fairfield Sentry, Fairfield Sigma Ltd. and Fairfield Lambda Ltd. in a British Virgin Islands proceeding, filed complaints targeting $47 million in accounts held in the name of the BNP Paribas unit and $42 million in accounts held...
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